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Spot premiums for Middle East crude benchmarks Oman and Murban declined as supply concerns eased, while Dubai held steady. Reuters also reported Iraq's SOMO offered steeper discounts for October-loading oil and Indian Oil Corp sought crude via a spot tender.
Asia's naphtha crack fell by about $21 to $115.85 per metric ton over Brent, while Gulf exports stayed constrained. Iraq's SOMO offered about 8,000 tons on an ex-works basis for transport by trucks through land border crossings.
Frankfurt's DAX 40 closed about 0.7% down at 25,427 on Wednesday, lagging its European peers as surging oil prices and higher government bond yields pressured equities. Brent crude rose back above $100 a barrel as uncertainty over the reopening of the Strait of Hormuz kept geopolitical risks elevated. Iran’s President
Frankfurt's DAX 40 closed virtually unchanged at 25,579 on Tuesday after a volatile session, as caution prevailed across European markets. Brent crude fell before settling back around $100 a barrel after reports that Tehran had offered to reopen the Strait of Hormuz within seven days if the US lifted its blockade of it
ASX 200 slipped 0.1% to close at 8,911, extending prior weakness to a six-week low. CSL fell 2.0% after cutting FY26 guidance; big four banks shed 0.4—2.2%.
South Korea’s benchmark KOSPI fell 0.58% to 6,955 on Tuesday. Brent crude rose above $97 amid Middle East shipping risks and rising oil prices, lifting expectations for further Federal Reserve rate hikes.
DAX 40 closes 0.2% lower after hitting a record high
Iran says Hormuz Strait to remain closed until conditions are met
Iran proposes no transit fees for ships in Strait of Hormuz
The S&P 500 surged to a fresh record close on Tuesday as strong corporate earnings, easing oil prices and optimism over a potential breakthrough between the U.S. and Iran fueled another broad-based rally. Polymarket traders are now overwhelmingly betting the benchmark will extend those gains at Wednesday’s open. The S&
US Revokes Iran's Oil General License, Following Attacks In Strait - Iran: Traffic In Hormuz In Line With Our Arrangements - Strait Of Hormuz Threat Level Raised To Severe - UKMTO - Fed's Williams Stays Optimistic As Energy Prices Fall - Farage Resigns As UK MP, Vows To Fight By-Election Amid Finances Row - Le Pen Says
Iran declares the Strait of Hormuz closed again, causing shipping to stall through the strategically vital waterway
Iran closes the Strait of Hormuz, a key waterway for oil traffic, citing ceasefire violations after Israel's strikes in southern Lebanon
Iran's Revolutionary Guards Navy has closed the Strait of Hormuz until further notice, halting vessel transits.
Iran's Revolutionary Guards Navy has not authorized any vessel transits through the Strait of Hormuz until further notice
Apple (NASDAQ: AAPL ) stock has retreated by over 6% from its highest point this year. It has also formed the risky bearish flag pattern, pointing to more downside, as it plans to hike iPhone prices. Has Apple Stock Become Overvalued? Apple, the third-biggest company in the world, may have become highly overvalued, jum
President Donald Trump dismissed critics of his Iran ceasefire Memorandum of Understanding as “fools” on Saturday, citing record stock prices and falling oil costs after former President Barack Obama and GOP lawmakers questioned the deal’s terms. Trump Fires Back At Obama Over Iran In a Truth Social post on Saturday,
Maritime vessels continued to move through the Strait of Hormuz on Sunday, though at a much lower rate, a day after Iran announced that it had closed the strategic waterway to shipping. Transits through the strait dropped to 12 today, down from more than 21 on Saturday, according to maritime risk analytics firm Windwar
Trump warns Iran that if it closes the Strait of Hormuz, Iranian negotiators will not be able to return to their country
Iran declared the Strait of Hormuz closed again on Saturday and warned vessels to stay away from the critical shipping route, but the U.S. denied those claims, stating the waterway remained open. Amid the confusion, U.S. Vice President JD Vance left Washington to travel to Switzerland for further negotiations with Iran
Iran declared the Strait of Hormuz closed again on Saturday and warned vessels to stay away from the critical shipping route, but the U.S. denied those claims, stating the waterway remained open. Tensions between the two countries escalated just days after Tehran and Washington reached an interim agreement to end hosti
Iran declared the Strait of Hormuz closed again on Saturday and warned vessels to stay away from the critical shipping route, but the U.S. denied those claims, stating the waterway remained open. Tensions between the two countries escalated just days after Tehran and Washington reached an interim agreement to end hosti
Iran declared the Strait of Hormuz closed again on Saturday and warned vessels to stay away from the critical shipping route, but the U.S. denied those claims, stating the waterway remained open. Tensions between the two countries escalated just days after Tehran and Washington reached an interim agreement to end hosti
Iran declared the Strait of Hormuz closed again on Saturday and warned vessels to stay away from the critical shipping route, but the U.S. denied those claims, stating the waterway remained open. Tensions between the two countries escalated just days after Tehran and Washington reached an interim agreement to end hosti
Iran declared the Strait of Hormuz closed again on Saturday and warned vessels to stay away from the critical shipping route, but the U.S. denied those claims, stating the waterway remained open. Tensions between the two countries escalated just days after Tehran and Washington reached an interim agreement to end hosti
Iran declared the Strait of Hormuz closed again on Saturday and warned vessels to stay away from the critical shipping route, but the U.S. denied those claims, stating the waterway remained open. Tensions between the two countries escalated just days after Tehran and Washington reached an interim agreement to end hosti
Iran's Revolutionary Guard Corps says the Strait of Hormuz is closed to all vessels
Iran's top joint military command says Strait of Hormuz closed due to alleged U.S. and Israeli violations of ceasefire MOU
Iran's top joint military command says the Strait of Hormuz will be closed to vessel traffic